Secret Biden deal allowed Chevron to pay Venezuela millions

Quick Summary:

A supplement to a November 2022 sanctions waiver allowed Chevron to remain in compliance with US law while paying the Maduro regime taxes and oil royalties.

Chevron’s relationship with Venezuela has drawn intense scrutiny from Trump in recent weeks and earlier this month he laid down a 30-day deadline to wrap up its joint venture operations with state-owned PDVSA.

The administration is poised to extend that deadline for at least another 30 days, following lobbying by Chevron, people familiar with the matter said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: United StatesVenezuela

Topics: Oil Chevron

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 14:23:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 158 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27240130

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 11 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions